News

Spacecoin, a decentralized physical infrastructure network leveraging nanosatellites to provide high-speed internet to remote communities, has an ambitious lofty goal. Unveiled exclusively to Decrypt during Korea Blockchain Week in Seoul on Wednesday, the initiative aims to bridge the digital divide affecting billions of people, particularly in underserved areas, by leveraging infrastructure from Layer-1 blockchain Creditcoin. “Because of the cost, the network infrastructure today is centralized...

During a press conference at Korea Blockchain Week 2024 in Seoul, fintech firm Ripple Labs' CEO Brad Garlinghouse predicted the ouster of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, whatever the outcome of the looming presidential election. According to a report in the Korean Herald, Garlinghouse said he would “make a gentleman’s bet” that Gensler’s tenure would not continue, regardless of who takes the White House in November. Ripple to Pay $125 Million Fine for Unregister...

The price of Bitcoin plunged as low as $55,746 late Tuesday, according to CoinGecko data, seeing a sudden dip hitting within an hour of the stock markets in Asia coming online. The drop follows a dismal day on the U.S. stock market, with tech giant Nvidia weighing down an overall 600 point dip in the Dow Jones Industrial Average. Across the Pacific, the Nikkei stock index started its day down 1,000 points from its prior close. Bitcoin has slightly rebounded, trading at $56,463 as of writing, dow...

OpenAI is on the cusp of releasing two groundbreaking models that could redefine the landscape of machine learning. Codenamed Strawberry and Orion, these projects aim to push AI capabilities beyond current limits—particularly in reasoning, problem-solving, and language processing, taking us one step closer to artificial general intelligence (AGI). Strawberry, previously known as Q* or Q-Star, seems to be more than just a chatbot; it focuses on showing a significant leap in AI reasoning abilities...

ETF issuer 21Shares’ parent company on Tuesday announced the launch of its own “wrapped” Bitcoin token on the Ethereum blockchain.  21.co said that its latest product—dubbed 21BTC—aimed to “usher in the next phase of decentralized finance (DeFi) and to help enable DeFi’s broader adoption.” You may have heard of “wrapped Bitcoin” and wrapped tokens—how do they work?  Natively put your idle BTC to work on Ethereum. 21BTC on Ethereum gives you: • BTC that's native to Ethereum• No Lock-And-Mint tec...

Months after resigning from AI developer OpenAI, former chief scientist Ilya Sutskever’s new venture Safe Superintelligence (SSI) has raised $1 billion in funding, the company announced on Wednesday. According to SSI, the funding round included investments from NFDG, a16z, Sequoia, DST Global, and SV Angel. Reuters, citing sources “close to the matter,” reported that SSI is already valued at $5 billion. SSI is building a straight shot to safe superintelligence. We’ve raised $1B from NFDG, a16z,...

Bitcoin is still due for more sideways turbulence—and potentially some more bleeding—before shooting to the sky later this month, according to BitMEX co-founder Arthur Hayes. In his latest piece, the famous crypto essayist and macro-analyst admitted that his previous prediction that Bitcoin’s bull market would “begin anew” in September was incorrect, but that his bearishness remains “temporary.” “I have changed my mind, but it doesn’t affect my positioning at all. I’m still long as fuck in an un...